12 October, Fashion Network
Real estate investments in Italy have significantly reduced in the previous nine months. They amount to 5.4 billion euro, reporting a 25% decrease compared to the same period of 2017.
The results come from a report by CBR, although highlighting the remarkable achievements of the retail segments with investments for 1.7 billion, having grown by 22% in the first nine months of 2018 compared to the same period of 2017. Offices are second with 1.6 billion, registering a 40% decrease, and hotels, 814 million (+9%). Logistics and industrial assets reached investments for 578 million euro with a 37% decrease compared to the first nine months of 2017.
“The first nine months seems to confirm that in 2018 investments will decrease from 2017, mainly due to the lack of product”, commented Alessandro Mazzanti, CBRE Italia Ceo. “It’s the confirmation that this is not due to the demand, it’s rather related to the offer. In fact, investors focused on investments for smaller amounts. Therefore, the number of transactions increased by 23% in comparison with the same period of 2017, but the values decreased”.
According to the Cbre outlook, the year will close following the same trend of 2015 and 2016, possibly reaching total investments for 8-9 million euro.
Source: Fashion Network
Translator: Cristina Ambrosi